ARE BANKRUPTCY MODELS A GOOD PREDICTOR OF FIRM FINANCIAL DISTRESS OF TRAVEL AGENTS IN THE CZECH REPUBLIC?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F71226401%3A_____%2F19%3AN0100298" target="_blank" >RIV/71226401:_____/19:N0100298 - isvavai.cz</a>
Result on the web
<a href="https://www.scientific-publications.net/get/1000037/1570290888805512.pdf" target="_blank" >https://www.scientific-publications.net/get/1000037/1570290888805512.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
ARE BANKRUPTCY MODELS A GOOD PREDICTOR OF FIRM FINANCIAL DISTRESS OF TRAVEL AGENTS IN THE CZECH REPUBLIC?
Original language description
Assessing financial performance of the firm and diagnosing and predicting the potential financial distress is very important for good firm governance. The bankruptcy models are one of the relative simple methods for testing the firm financial health. This study aims to test the reliability of selected bankruptcy models as a predictor of financial distress of Czech travel agencies and tour operator. Altman Z´-Score, Z´´-Score models and index IN05 are employed as the tested bankruptcy models. The data are obtained from the database Albertina CZ Gold Edition and the final sample contains data for 368 firms which represent approximately 9 percent travel agencies and tour operators in the Czech Republic. The results show that the predictive ability of the individual bankruptcy models vary significantly for the subsector of Czech travel agencies and tour operators. Altman Z´´-Score model and index IN05 prove to be relative suitable predictor of financial distress under certain conditions. On the other hand, the reliability of Altman Z´-Score model is weak.
Czech name
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Czech description
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Classification
Type
J<sub>ost</sub> - Miscellaneous article in a specialist periodical
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of International Scientific Publications - Economy & Business
ISSN
1314-7242
e-ISSN
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Volume of the periodical
13
Issue of the periodical within the volume
1
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
7
Pages from-to
87-93
UT code for WoS article
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EID of the result in the Scopus database
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